423-425 E 2ND STREET, North Vancouver, British Columbia, V7L1C9 North Vancouver BC CA

Builder Alert! Don't miss out on this excellent investment opportunity in a prime location. With new zoning regulations, this property allows for construction of 4 townhomes, each with 4 lock-off suites, making it a lucrative venture for any savvy developer. Designated as R4A and zoned RG-3 with an FSR of up to 1.0. The current side-by-side 2-level duplex boasts wonderful long term tenants, 3 bedrooms, 2.5 baths per side and as of June 1, will generate an annual gross income of $49,800. Beautiful southern exposure & views of the city & water; lane access, a detached 2-car garage, garden, deck space, & a great walk score. Located just a stone's throw away from Lonsdale Quay & public transit, this property is perfectly situated for both convenience & accessibility. Built 23 years ago, this property is in very good condition. Hold or build! (id:1937) Find out more about this property. Request details here